Fed rate increase = lower hifi prices?


Will the recent rate hike meant to slow down the economy result in lower hifi prices?  Seems everything shot up during Covid. Will we now see some relief?

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Showing 2 responses by grey9hound

It seems to me that it is a Buyer’s Market right now...(For Audio) IMO .

Nobody has extra money to spend on Audio, because of Inflation.

It costs a lot more for the essentials like Gas, Groceries ,your electricity & gas bill.

See below for amount of price increase:

  • Rental cars: 42.9%
  • Gas: 42.1%
  • Used cars: 24.4%
  • Hotels: 18%
  • TVs: 12.7%
  • Furniture: 11.2%
  • Meats, poultry, fish and eggs: 10.5%
  • New cars: 8.7%
  • Appliances: 7.1%
  • Electricity: 5.2%
  • Restaurant prices: 4.7%
  • Rent: 2.9%

I said that it is a "Buyers’ Market" for audio because when people who own audio equipment are having trouble making ends meet due to inflation and need money,

I do not consider the Fed "borrowing rate increase" to have much effect on used audio, which is what I was talking about in my previous response.

Sorry , I did not really specify that prior.

People can and do sell that "non-essential" Audio Equipment. During these times you will usually find more audio stuff for sale. When there is more of it out there for sale, the supply goes up. The seller has more competition. Less people are buying because they are strapped for cash, so demand is down. It is harder to make a sale, therefore prices go down. This makes it a "Buyers Market"...Doesn’t it ???

It is a good time to buy audio equipment at lower prices. seller need to Move their product to get cash.

Am I wrong ?

I am especially talking about used audio equipment